Property

Ownership: For Sale
Type: mixed-use
Pets: Pets No

Financials

Price:$1,590,000
Annual Taxes:$19,548
505 Park Ave, New York, NY 10022
Listing Courtesy of Narine Realty Corporation

Description

A rare and versatile investment opportunity in the heart of the Bronx, this fully renovated, legal three family, four unit mixed use property combines modern upgrades with strong income potential. Constructed with durable brick and block, the building features a flat roof that was replaced just 10 years ago, upgraded electric, oil heating with a 550-gallon tank, and gas-powered hot water. The second floor offers a spacious two bedroom apartment alongside an additional one bedroom unit, both ideal for rental income or owner occupancy. On the first floor, a 1,000 square foot commercial storefront houses a fully equipped, modern kitchen with high end finishes perfect for a restaurateur, caterer, ghost kitchen operator, or retail entrepreneur. Behind the building is a separate one bedroom apartment, adding to the property's flexibility and income generating power. The property is delivered with tenants in place who pay rent on time, making it a turn key opportunity for investors seeking stability and cash flow from day one. Located on a quiet, tree lined street with easy access to public transportation, shopping, and schools, this is a prime chance to own a well maintained, income producing asset in one of the Bronx's fastest growing neighborhoods.

Amenities

  • Electricity Connected
  • Natural Gas Connected

A rare and versatile investment opportunity in the heart of the Bronx, this fully renovated, legal three family, four unit mixed use property combines modern upgrades with strong income potential.


    Long Island MLS

    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.